Describe the basic provisions enforced internationally and domestically as they apply to hedge funds

Describe the interaction between the product provider, regulatory agencies and Investment Advisors

Develop an understanding regarding the impact to business units (operations) in light of hedge fund risk and transparency

Assumptions:

This is an introductory course where the course participants will have little to no knowledge of the subject matter

There is no pre course reading

Session 1: Overview of the Hedge Fund Structure

The opening session provides and overall primer regarding the historical development of the hedge fund structure. Participants will categorize the different parts of the hedge fund structure prior to addressing specific regulatory and compliance issues. By the end of this session the course participants shall be able to:

Outline

The history of hedge funds

The strategy of hedge funds

The structure of hedge funds

Session 1A: Overview of the Federal Investment Acts

Roundtable

Participants participate in case study/roundtable discussions to confirm their understanding of Session One.

Session 2: Hedge Fund Participation

Participants shall review from a high level the basic process on both ends regarding hedge fund participation. By the end of this session the course participants shall be able to:

Define

Who may offer hedge fund participation

Who may participate in hedge funds

What fees and performance costs are associated with participation

Session 2A: Hedge Fund Participation Roundtable

Participants participate in case study/roundtable discussions to confirm their understanding of Session Two.

Session 3: The Basic Regulatory Climate

Participants shall review the defined International and U.S regulations to discuss on a high level the basic regulatory requirements for hedge fund participation. By the end of this session the course participants shall be able to:

Describe the initial international reporting process

Describe the initial domestic reporting process

Describe the cross over issues as they apply to federal and state agencies

Session 3A: The Basic Regulatory Climate Roundtable

Participants participate in case study/roundtable discussions to confirm their understanding of Session Three.

Session 4: Hedge Fund Fundamentals

Participants shall create the basic structure of a hedge fund to demonstrate their understanding of the process. By the end of this session the course participants shall be able to: